An interesting point is that in the Netherlands all traffic lights are routinely switched to a flashing amber light, including at motorway junctions every night from midnight until 0530, which causes few accidents, and encourages drivers to slow down to check oncoming & crossing traffic.
IMO, should have been the law here for the last decade, or would the insurance industry have kittens as to who had the "right-of-way" issue, I know it's had issues with roundabouts/unmarked junctions etc. However, this would be solved by give way to oncoming traffic from the right.